Figure 16-6 Watanabe Sensei operates the only martial arts school in Hartfield. For simplicity, assume that consumers have identical demand curves and that Sensei knows what this demand curve is. Figure 16-6 shows this demand curve.
-Refer to Figure 16-6.If Sensei acts as a monopolist,his profit-maximizing price is ________ and the number of classes sold is ________.

Question

Figure 16-6  Watanabe Sensei operates the only martial arts school in Hartfield. For simplicity, assume that consumers have identical demand curves and that Sensei knows what this demand curve is. Figure 16-6 shows this demand curve.
-Refer to Figure 16-6.If Sensei acts as a monopolist,his profit-maximizing price is ________ and the number of classes sold is ________.

Quizplus · Accepted Answer

The Answer of Figure 16-6  Watanabe Sensei operates the only martial arts school in Hartfield. For simplicity, assume that consumers have identical demand curves and that Sensei knows what this demand curve is. Figure 16-6 shows this demand curve.
-Refer to Figure 16-6.If Sensei acts as a monopolist,his profit-maximizing price is ________ and the number of classes sold is ________.

Figure 16-6 Watanabe Sensei Operates the Only Martial Arts